Elon Musk’s losses for 2022 topped $100-billion as shares of Tesla dropped to the lowest level in two years.
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“Musk has managed to do what the bears have unsuccessfully tried for years – crush Tesla’s stock,” Wedbush analyst Daniel Ives said.
“I have too much work on my plate,” Elon Musk said by video link to a business conference on the sidelines of the G20 summit in Bali.
New Twitter owner Elon Musk has considered putting all of Twitter behind a paywall, according to a report on Tuesday.
Elon Musk plans to retrench half of the social media company’s workforce, according to people with knowledge of the matter.
Tesla aims to start mass production of its Cybertruck at the end of 2023, two years after the initial target for the long-awaited vehicle.
Tesla boss Elon Musk said he will serve as CEO of Twitter, the social media company he just bought for $44-billion.
Elon Musk became Twitter’s owner on Thursday, in the process firing top executives, including CEO Parag Agrawal.
Toyota is considering a reboot of its electric-car strategy to better compete in a booming market it has been slow to enter, sources said.
With Elon Musk on the verge of taking over Twitter comes news that he plans to gut its workforce, with cuts of up to 75%.